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1 - 10 of 11 (2.36 seconds)Dalmia Industrial Development Limited ... vs Sebi on 1 September, 2022
5. Having heard the learned counsel for the parties we are of
the opinion that the controversy involved in the present appeals
are squarely covered by various decisions of this Tribunal,
namely, Appeal no. 750 of 2021, V.B. Industries Limited &
Ors. vs SEBI, decided on July 29, 2022, Appeal no. 471 of
2022, Dalmia Industrial Development Limited vs SEBI and
other connected appeals decided on September 1, 2022, Appeal
no. 801 of 2021, SVAM Software Ltd & Ors. vs SEBI decided
on October 13, 2022 and Tatia Global Vennture Ltd. & Ors. vs
SEBI decided on August 24, 2022 wherein similar
7
controversies the debarment passed by the WTM was set aside
and the penalties was reduced appropriately.
Svam Software Ltd & Ors. vs Sebi on 13 October, 2022
5. Having heard the learned counsel for the parties we are of
the opinion that the controversy involved in the present appeals
are squarely covered by various decisions of this Tribunal,
namely, Appeal no. 750 of 2021, V.B. Industries Limited &
Ors. vs SEBI, decided on July 29, 2022, Appeal no. 471 of
2022, Dalmia Industrial Development Limited vs SEBI and
other connected appeals decided on September 1, 2022, Appeal
no. 801 of 2021, SVAM Software Ltd & Ors. vs SEBI decided
on October 13, 2022 and Tatia Global Vennture Ltd. & Ors. vs
SEBI decided on August 24, 2022 wherein similar
7
controversies the debarment passed by the WTM was set aside
and the penalties was reduced appropriately.
Tatia Global Vennture Ltd. & Ors. vs Sebi on 24 August, 2022
5. Having heard the learned counsel for the parties we are of
the opinion that the controversy involved in the present appeals
are squarely covered by various decisions of this Tribunal,
namely, Appeal no. 750 of 2021, V.B. Industries Limited &
Ors. vs SEBI, decided on July 29, 2022, Appeal no. 471 of
2022, Dalmia Industrial Development Limited vs SEBI and
other connected appeals decided on September 1, 2022, Appeal
no. 801 of 2021, SVAM Software Ltd & Ors. vs SEBI decided
on October 13, 2022 and Tatia Global Vennture Ltd. & Ors. vs
SEBI decided on August 24, 2022 wherein similar
7
controversies the debarment passed by the WTM was set aside
and the penalties was reduced appropriately.
Suzlon Energy Limited & Anr. vs Sebi on 3 May, 2021
The mere fact that SEBI has filed an appeal before the Supreme
Court is not sufficient for the AO not to give effect to the order
of the Tribunal in Suzlon's case. While disposing off quasi-
judicial matters, the AO is bound by the decision of the
appellate Tribunal. The principle of judicial discipline requires
that the order of the Tribunal should be followed unreservedly
by the AO. Non-compliance of orders of the Tribunal has
resulted in undue harassment to the litigant.
Union Of India And Others vs Kamlakshi Finance Corporation Ltd. on 24 September, 1991
In this regard, the
Supreme Court in Union Of India And Ors. vs. Kamlakshi
Finance Corporation Ltd. 1992 Supp (1) Supreme Court Cases
648 held:
Securities And Exchange Board Of India vs Shri Sunil Krishna Khaitan on 11 July, 2022
In any case the Supreme Court in SEBI vs.
Sunil Krishna Khaitan & Ors. 2022 SCC OnLine SC 862 has
held that the Tribunal has plenary powers holding:
The Code of Civil Procedure, 1908
Section 11 in The Securities Contracts (Regulation) Act, 1956 [Entire Act]
V. B. Industries Limited & Ors. vs Sebi on 29 July, 2022
5. Having heard the learned counsel for the parties we are of
the opinion that the controversy involved in the present appeals
are squarely covered by various decisions of this Tribunal,
namely, Appeal no. 750 of 2021, V.B. Industries Limited &
Ors. vs SEBI, decided on July 29, 2022, Appeal no. 471 of
2022, Dalmia Industrial Development Limited vs SEBI and
other connected appeals decided on September 1, 2022, Appeal
no. 801 of 2021, SVAM Software Ltd & Ors. vs SEBI decided
on October 13, 2022 and Tatia Global Vennture Ltd. & Ors. vs
SEBI decided on August 24, 2022 wherein similar
7
controversies the debarment passed by the WTM was set aside
and the penalties was reduced appropriately.